Business owners are often concerned if their company will be in good & able hands after their departure / exit from the business. Usually, the family run companies who would like to pass on the legacy of their business empire created by them with their hard work all their life to their children or family members.
There are many challenges during this transition. The generation gap between the parents & the successors often result in strikingly different outlooks. More often then not the experienced founders want their successors to run the business similar to the way they did. But the next generation have a mind of their own & have a different outlook, goal & vision to run the company. Different operating styles often result in difference of opinion and that usually results in an unfavorable situation for the overall running of the business.
Small businesses and perhaps especially family businesses benefit from creating a disciplined succession process.
Amson Consulting provides the solution of helping business owners make a smooth transition of their business to their successors and develop capable next in line leaders. Over several decades, there are businesses that in the second or third generation have either failed miserably or succeeded phenomenally. Learning from these two extreme scenarios & everything in between, Amson Consulting has prepared a robust strategic plan for ensuring that the transition planned is not only smooth & effective but also successful.
Meet the Founder and review the business with it’s goals & objectives.
Meet the Successor to understand them better.
Ascertain their competencies through the appropriate Talent Development Assessments.
Provide them with the necessary training where required.
Make a strategic plan to manage a smooth transition of the business.
Support the new team for successful implementation of the plan.